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20110715
20110715
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CSPAN
Jul 15, 2011 1:00pm EDT
and afghanistan and places around the world. there has to be hope. the reason why i know there is hope is because my own industry, the energy industry, just created a program for veterans who jobs through the energy industry. i'm asking them to create one for 18 to 35-year-olds. businesses are still alive and well. the financial services, the banking entity must be involved in providing access to credit for our smaller businesses who are creating jobs. we are alive and well. and so i believe what we should do is to go forward with a package that is reasonable. that lifts the debt ceiling as we did for everyone else. i would vote for a clean debt ceiling. lift it up. then begin to with great common sense plan our budget and our cuts. mark zahny -- zandi has said that. an economist who worked for a number of republicans, such as john mccain, former presidential candidate. why are we trying to reinvent the wheel? all economists will say, you don't make immediate cuts in this fiscal year, you project them out. just like budget and household. they move out. they do what they are going to do for the mo
CSPAN
Jul 15, 2011 12:00pm EDT
raging abroad in iraq and afghanistan, also unpaid for. and a new entitlement program passed in the past congress unpaid for. and a wall street that instead of being a free market was a free-for-all market. you put that all together and that's what we're coming out of. so i'm wondering, you know, your answer to me suggests that there isn't anymore monetary policy that is going to come forward that could in essence seek a more faster, more robust recovery with a greater job growth? >> well, as i said in my, in my testimony, we, given that there's a lot of uncertainty how the economy will evolve, we have to keep all options, both for tightening and for easing on the table. we're doing that. but, again, we are already providing an exceptional amount of accommodation and, as you know, recovery is still pretty slow. >> now i want to turn to the question of the debt ceiling. i know you discussed that quite a bit. i find it interesting under president bush's years, he raised the debt ceiling to the tune of about $5.4 trillion, during his period of time. i didn't hear the same comments then that
Search Results 0 to 1 of about 2